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Chinese Tech Company Meitu Goes Long on Bitcoin and Ethereum, Invests About $40M
Mar 9 2021 · 09:52 UTC | Updated
Mar 14 2021 · 14:44 by Benjamin Godfrey · 3 min read
Photo: Meitu
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Meitu also noted that its purchase of the two digital currencies is the first step in the long-term plan to integrate blockchain technology into its key business operations.
Hong Kong-listed Chinese technology company Meitu Inc (HKG: 1357) has waded into the world of cryptocurrencies with investments in Bitcoin (BTC) and Ethereum (ETH). According to the official filing, the firm revealed it bought as much as 15,000 units of Ether and 379.1214267 units of Bitcoin at valuations of approximately US$22.1M and US$17.9 million respectively.